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Title: | Assessing the impact of the European fiscal compact on Eurozone Mediterranean States (with a focus on Malta) |
Authors: | von Brockdorff, Philip Falzon, Joseph |
Keywords: | Fiscal policy -- Malta Eurozone -- Economic policy -- Mediterranean Region Budget deficits |
Issue Date: | 2014 |
Publisher: | MCSER Publishing |
Citation: | Von Brockdorff, P., & Falzon, J. (2014). Assessing the impact of the European fiscal compact on Eurozone Mediterranean States (with a focus on Malta). Mediterranean Journal of Social Sciences, 5(14), 11-17. |
Abstract: | The paper assesses the impact of the European Fiscal Compact on Eurozone Mediterranean States with a focus on Malta by estimating deviations between potential and actual GDP for the Maltese economy, comparing the cyclical components of public revenues and expenditure, and estimating the cyclically adjusted deficit in excess of the requirement of 0.5 per cent structural deficit. A discussion on the structural nature of Malta’s budget deficit ensues. Finally, by comparing public debt ratios of the selected States, the paper examines the policy implications of reducing the budget deficit for the Maltese Islands. |
URI: | https://www.um.edu.mt/library/oar//handle/123456789/19223 |
ISSN: | 10.5901/mjss.2014.v5n14p11 |
Appears in Collections: | Scholarly Works - FacEMABF |
Files in This Item:
File | Description | Size | Format | |
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Assessing the impact of the European Fiscal Compact on Eurozone Mediterranean States (with a focus on Malta).pdf Restricted Access | 204.77 kB | Adobe PDF | View/Open Request a copy |
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